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Loan Modification

: Loan Modification & Home Loan News

AARP Sues U.S. Over Effects of Reverse Mortgages

By Moe Bedard

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(Source: NY Times) – Reverse mortgages, which pay older homeowners a regular sum against the equity in their house, are supposed to shield borrowers from economic upheaval. But the popular loans have become tangled up in the real estate collapse. AARP, the seniors? organization, filed suit Tuesday against the Department of Housing and Urban Development, [...]

Full post as published by Loan Modification & Home Loan News on March 09, 2011 (boomark / email).

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